Case of Godrej United Owners Association, AAR Karnataka Ruling Dated 12th February 2026. AAR ruled that the Rs 7,500 exemption for housing societies is calculated monthly, water supply forms part of a composite maintenance service and is not separately exempt, corpus or sinking funds are treated as advances liable to GST at the time of receipt, depreciation in books cannot determine GST liability, such funds are not to be clubbed with maintenance charges for exemption calculation, and voluntary festival contributions are not taxable as they do not constitute consideration for any supply.